SEBI IN CAPITAL MARKET ISSUES
Accounting and Finance for Managers
LESSON
17
SEBI IN CAPITAL MARKET ISSUES
CONTENTS
17.0 Aims and Objectives
17.1 Introduction
17.2 Objectives of the SEBI
17.3 Entity of SEBI
17.4 Organisational Grid of the SEBI
17.5 Powers and Functions of SEBI
17.6 Role of SEBI
17.6.1 Promoter’s Contribution
17.6.2 Disclosures
17.6.3 Book Building
17.6.4 Allocation of Shares
17.6.5 Market Intermediaries
17.6.6 Debt Market Segment
17.6.7 Brokers
17.6.8 Suspension of a Broker
17.6.9 Recent Developments
17.7 Critical Review of SEBI
17.8 Let us Sum up
17.9 Lesson-end Activity
17.10 Keywords
17.11 Questions for Discussion
17.12 Suggested Readings
17.0 AIMS AND OBJECTIVES
This lesson is intended to discuss the role of SEBI in regulating the Indian capital market.
After studying this lesson you will be able to:
(i) describe objectives behind instituting SEBI
(ii) know the organisational structure of SEBI
(iii) understand powers and functions of SEBI
(iv) examine the role of SEBI in Indian financial market
17.1 INTRODUCTION
During the late 80, the GOI decided to replace the Controller of Capital Issues Act, by way of inducting the Securities Exchange Board of India, in order to introduce the regulatory environment in the Indian capital market, to pave way for the promotion of congenial and conducive climatic condition for the investing public. Hence the Government
of India has instituted the supreme authority SEBI to monitor and control the proceedings of the capital market in the country.
17.2 OBJECTIVES OF THE SEBI
To replace the office of the following major acts of implementation and to attain the following objectives:
Control of Capital Issues Act (1947)
The Companies Act (1956) - issue, allotment of the securities and disclosures
Securities contract regulation Act (1956) - to control over the stock exchanges
In May, 1992 - the controller of issue of capital, pricing of
LESSON
17
SEBI IN CAPITAL MARKET ISSUES
CONTENTS
17.0 Aims and Objectives
17.1 Introduction
17.2 Objectives of the SEBI
17.3 Entity of SEBI
17.4 Organisational Grid of the SEBI
17.5 Powers and Functions of SEBI
17.6 Role of SEBI
17.6.1 Promoter’s Contribution
17.6.2 Disclosures
17.6.3 Book Building
17.6.4 Allocation of Shares
17.6.5 Market Intermediaries
17.6.6 Debt Market Segment
17.6.7 Brokers
17.6.8 Suspension of a Broker
17.6.9 Recent Developments
17.7 Critical Review of SEBI
17.8 Let us Sum up
17.9 Lesson-end Activity
17.10 Keywords
17.11 Questions for Discussion
17.12 Suggested Readings
17.0 AIMS AND OBJECTIVES
This lesson is intended to discuss the role of SEBI in regulating the Indian capital market.
After studying this lesson you will be able to:
(i) describe objectives behind instituting SEBI
(ii) know the organisational structure of SEBI
(iii) understand powers and functions of SEBI
(iv) examine the role of SEBI in Indian financial market
17.1 INTRODUCTION
During the late 80, the GOI decided to replace the Controller of Capital Issues Act, by way of inducting the Securities Exchange Board of India, in order to introduce the regulatory environment in the Indian capital market, to pave way for the promotion of congenial and conducive climatic condition for the investing public. Hence the Government
of India has instituted the supreme authority SEBI to monitor and control the proceedings of the capital market in the country.
17.2 OBJECTIVES OF THE SEBI
To replace the office of the following major acts of implementation and to attain the following objectives:
Control of Capital Issues Act (1947)
The Companies Act (1956) - issue, allotment of the securities and disclosures
Securities contract regulation Act (1956) - to control over the stock exchanges
In May, 1992 - the controller of issue of capital, pricing of